Fifth Third Bancorp
FITB · NYSEState Commercial Banks · Fiscal year ends Dec 31
Net income was $2.5B. Operating cash flow of $4.5B less capital expenditure of $584M left free cash flow of $3.9B. Net debt was $11B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $600M | $589M | $577M | – | – |
| Net interest incomeBanks | $4.8B | $5.6B | $5.8B | $5.6B | $6B |
| Interest expense | $441M | $978M | $3.9B | – | – |
| Pre-tax income | $3.5B | $3.1B | $3B | $2.9B | $3.2B |
| Income tax | $747M | $647M | $639M | $602M | $689M |
| Net income | $2.8B | $2.4B | $2.3B | $2.3B | $2.5B |
| Diluted EPS | 3.73 | 3.35 | 3.22 | 3.14 | 3.53 |
| Diluted shares | 711M | 695M | 688M | 687M | 673M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $3B | $3.5B | $3.1B | $3B | $3.5B |
| Net PP&E | $2.1B | $2.2B | $2.3B | $2.5B | $2.7B |
| Goodwill | $4.5B | $4.9B | $4.9B | $4.9B | $4.9B |
| Total assets | $211B | $207B | $215B | $213B | $214B |
| Short-term debt | – | – | – | $4.7B | $926M |
| Long-term debt | $11.8B | $13.7B | $16.4B | $14.3B | $13.6B |
| DepositsBanks | $169B | $164B | $169B | $167B | $172B |
| Total liabilities | $189B | $190B | $195B | $193B | $193B |
| Shareholders' equity | $22.2B | $17.3B | $19.2B | $19.6B | $21.7B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $2.7B | $6.4B | $4.5B | $2.8B | $4.5B |
| Capital expenditure | $309M | $348M | $491M | $414M | $584M |
| Free cash flow | $2.4B | $6.1B | $4B | $2.4B | $3.9B |
| Depreciation & amortisation | $349M | $436M | $462M | $495M | $554M |
| Stock-based compensation | $120M | $165M | $169M | $164M | $163M |
| Share buybacks | $1.4B | $100M | $200M | $625M | $525M |
| Dividends paid | $897M | $927M | $1.1B | $1.2B | $1.2B |
| Dividend per share | 1.14 | 1.26 | 1.36 | 1.44 | 1.54 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | −1.8% | −2.0% | – | – |
| EPS growth (YoY) | – | −10.2% | −3.9% | −2.5% | 12.4% |
| Net margin | 461.7% | 415.3% | 407.1% | – | – |
| Return on equityBlank when equity is negative | 12.5% | 14.1% | 12.3% | 11.8% | 11.6% |
| Free cash flow margin | 399.2% | 1032.3% | 696.4% | – | – |
| Cash conversion (CFO ÷ net income) | 0.98x | 2.63x | 1.92x | 1.22x | 1.79x |
| Debt ÷ equity | 0.53x | 0.79x | 0.85x | 0.97x | 0.67x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $8.8B | $10.2B | $13.2B | $16B | $11B |
Recent filings
More in State Commercial Banks
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.